Media Móvil Media Semanal

Fórmulas de Metastock - W Haga clic aquí para regresar al Índice de Fórmulas de Metastock En una tendencia ascendente, tres o cuatro CLOSES inferiores sucesivos y el EMA (21) están aumentando. Ref (C, -1) Y Ref (C, -1) y Ref (C, -2) Y Ref (C, Ref (C, -1) Y Ref (C, -1) lt Ref (C, -2) Y Ref (C, -2) lt Ref (C, -3) Y Ref (C, -3) lt Ref (C, -4) Y Mov (C, 21, E) (C, -1) y Ref (C, -1) gt Ref (C, -2) y Ref (C, -2) Ref (C, -1) y Ref (C, -1) gt Ref (C, -2) y Ref (C, -2) gt Ref (C, Ref (C, -3) gt Ref (C, -4) Y Mov (C, 21, E) lt Ref (Mov (C, 21, E), -1) / OS oscilador y youve consiguió una entrada que es, bueno, por lo menos vale la pena considerar. MetaStock Weekly Indicators Yo básicamente había puesto los indicadores semanales en la lista de los gráficos diarios por el momento, pero alguien mencionó el tema en un e-mail fuera de la lista, y decidí que tal vez debería publicar estos dos indicadores. Me miran bien, pero compruébalo. Recuerde que representan el valor de las semanas anteriores a partir del primer día de negociación de la semana siguiente y ese valor permanece constante durante toda la semana. Estos están diseñados para backtesting. Así que si sólo tienes que saber en este viernes por la noche lo que el valor semanal del indicador va a ser para la semana siguiente, simplemente mira un gráfico semanal. Estocástico: La desaceleración de K y K se puede codificar para acomodar más parámetros usando la función de entrada de usuario, pero al hacerlo, D siempre calcula usando el valor por defecto de la desaceleración de K, dando valores erróneos. Así que lo dejé como está. Usted puede conectar sus propios valores. Acabo de usar los valores por defecto de MetaStock como punto de partida. Hice el K D como dos indicadores separados de modo que usted pueda trazar el D un diverso color y / o traceado. El indicador Momentum utiliza la función de entrada muy bien. Y: (ValueWhen (1, swgt0, (yestClo-LLow)) ValorWhen (2, swgt0, (yestClo-LLow)) ValorWhen (3, swgt0, ) ValueWhen (2, swgt0, HHigh)) - (ValorWhen (1, swgt0, LLow) ValueWhen (2, swgt0, LLow) ValorWhen (3, swgt0, LLow))) 100 yy :( ValueWhen (1, swgt0, (yestClo-LLow)) ValorWhen (2, swgt0, (yestClo-LLow)) ValorWhen (3, swgt0, (yestClo-LLow) 2, swgt0, HHigh) ValorWhen (3, swgt0, HHigh)) - (ValueWhen (1, swgt0, LLow) ValorWhen (2, swgt0, LLow) Wiliams indicador llamado WillSpread es bastante fácil de trazar en MetaStock para Windows versión 6.5. Utilizando la versión 6.5 de MetaStock para Windows, siga estos pasos. Trace la mercancía subyacente. Arrastre el indicador de propagación de la lista rápida de indicadores a este gráfico de productos. Seleccione Tbonds o Tbills como la seguridad para utilizar para difundir. Te recomiendo que trace esto en una nueva ventana interior. Arrastre el oscilador de precios desde la lista rápida de indicadores y colóquelo en el gráfico SPREAD, no en el gráfico de precios. Los parámetros utilizados por el Sr. Williams son 7 y 11 promedios móviles exponenciales del período de tiempo. También desea utilizar puntos como el método. Esta gráfica es el indicador WillSpread. En este punto, puede cambiar el color del gráfico Spread Indicator para que coincida con el fondo del gráfico, o tal vez mover el indicador WillSpread a una ventana interna separada. Si guarda este primer esfuerzo como una plantilla, tal vez llamado WillSpread, puede aplicar esta plantilla a cualquier producto que desee y el indicador se calculará automáticamente en función de esa mercancía. También puede utilizar la función Next Security en MetaStock para Windows para ver cada uno de sus productos, estableciendo las opciones para la siguiente seguridad para Keep line studies. Si aplica esta plantilla a la primera mercancía en su carpeta de futuros, puede utilizar la flecha derecha para desplazarse por el contenido de la carpeta. Cada nuevo producto tendrá el WillSpread calculado como se carga. Trabajando con DMI ABIERTO LONG: closegthhv (low, 21) CLOSE LONG: closeltllv (high, 21) Escritura Metastock Explorations MetaStock es un maravilloso programa para los comerciantes, pero puede parecer complicado e intimidante al principio. En realidad, es fácil y divertido, si lo tomas lentamente, paso a paso. Vamos a considerar una pregunta común de los comerciantes: Cómo MetaStock me puede ayudar a encontrar todas las poblaciones donde el promedio móvil de 3 días acaba de cruzar el promedio móvil de 10 días Herramienta MetaStocks Explorer le permite buscar todas las poblaciones en el ASX, y dentro de un minuto o Dos (dependiendo de la velocidad de su computadora) generan una lista de todas las existencias que cumplen con estos criterios particulares. Heres una guía paso a paso para principiantes: 1. Abra su herramienta de Explorador en MetaStock haciendo clic en el símbolo de binoculares pequeño en el campo superior derecho de su pantalla, o busque en Herramientas en el menú desplegable. 2. Se le presentará la pantalla de Explorador mostrando una lista de Exploraciones Equis ya hechas, además de varias opciones para verlas o editarlas. Más sobre esto después. Mira en su lugar en la lista de opciones a la derecha. 3. Seleccione el botón Nuevo y haga clic en. Youve apenas comenzar a escribir su propio MetaStock Exploration MetaStock le da el nombre ltNew Explorationgt pero permite renombrarlo Crossover Media móvil por el bien de este ejercicio. 4. Tenga en cuenta que la pantalla del Explorador tiene una sección superior denominada Notas y, a continuación, siete columnas, con pestañas, etiquetadas de A a F, más Filtro. Por ahora sólo iban a trabajar con la columna Filtro. Haga clic en su ficha y ya está listo para escribir una fórmula de MetaStock en esta columna. 5. Introduzca lo siguiente sin las comillas: Movimiento (c, 3, s) Mov (c, 10, s)) pero no se preocupe por los espacios entre letras y signos de puntuación, ni tampoco sobre mayúsculas. 6. Una explicación rápida para reflexionar, antes de ir más lejos. Lo que acabas de ingresar en MetaStock Explorers Filter es una fórmula mucho más sencilla de lo que te das cuenta. Significa sólo Crossover A over B o Crossover 3 sobre 10 en inglés ordinario. MetaStock escribe esto como Cross (A. B) donde A y B son otras fórmulas de MetaStock, cualquier fórmula que te guste. MetaStock escribe la frase en inglés Moving Average de los últimos 3 días como mov (c, 3, s) y la segunda media móvil es exactamente la misma, Con el numeral 10 sustituido por el 3. 7. Su primera MetaStock Exploration está terminado. Haga clic en Aceptar en la parte inferior izquierda del campo Explorador para guardarlo y rápidamente encontrará su propia exploración de Crossover Promedio móvil añadido a los que ya están en la lista lista de MetaStocks. 8. A continuación, haga clic en el botón Explorar y MetaStock le pedirá la ruta al lugar en su computadora donde tiene todos sus datos ASX (u otros). Elija los valores que desea escanear. Sugiero que los elija todos para empezar y guarde esto como una lista con el nombre Todos, de modo que cuando haga más exploraciones no tenga que pasar por este paso de nuevo. Sólo puede elegir la lista Todos cuando desee explorar las existencias. (Tome nota en este punto que MetaStock tiene una excelente asistencia para usted bajo su pestaña de ayuda, así como uno de los mejores manuales de software jamás escrito.) 9. MetaStock rápidamente verificará que sus acciones son donde usted dice que son, y le pedirá Una bien Una vez hecho esto, puede ver una pantalla ingeniosa donde MetaStock describe su búsqueda de todas las acciones que coinciden con los criterios de búsqueda (Filtro). Cuánto tiempo toma este proceso depende de nuevo en la velocidad de su computadora 10. Cuando el Explorador está terminado debe elegir la opción Informe para encontrar una lista filtrada de todas las acciones que hoy tienen su promedio móvil de 3 días por encima de su promedio móvil de 10 días . MetaStock le permite abrir cada una o todas estas existencias en páginas de pantalla completa para un análisis posterior. En la edición de mayo de 1998 de STOCKS amp COMMODITIES, Traders Tip proporcionó fórmulas MetaStock para calcular los niveles de soporte y resistencia y los soportes WRO y WSO y osciladores de resistencia. La extremidad de los comerciantes fue basada en mi artículo, ayuda y resistencia automatizadas, también en esa edición. Desde entonces, he recibido muchos mensajes de correo electrónico de los lectores STOCKS amp COMMODITIES sobre el mismo. Mientras que el método fue bien recibido, las fórmulas proporcionadas eran un poco confusas y podrían usar alguna aclaración. Además, la ejecución fue lenta y la selección de un gran número de poblaciones fue difícil. Desde entonces, he desarrollado un método más rápido y mejorado para calcular estos indicadores. Para comenzar, los niveles de soporte S1 a S6 y los niveles de resistencia R1 a R6 son indicadores independientes (12 en total), y cada uno debe introducirse mediante la opción de indicador personalizado en el constructor de indicadores. S1 Indicador: ValueWhen (2, Ref (L, -4) LLV (L, 9), Ref (L, -4) Ref (L, -4)) S3 Indicador: ValueWhen (4, Ref (L, -4) LLV (L, (L, 4) LLV (L, 9), Ref (L, -4)) Indicador S5: ValueWhen (5, Ref (L, Ref (L, -4) LLV (L, 4) LLV (L, 9) Ref (L, -4) R1 Indicador: 4)) R2 Indicador: Valor Cuando (3, Ref (H, -4) HHV (H, 4) HHV (H, 9), Ref (H, -4)) R4 Indicador: ValorWhen (4, Ref (H, -4) HHV (H, , 4) HHV (H, 9), Ref (H, -4)) R6 Indicador: Valor Cuando (6, Ref (H, -4) HHV Los indicadores se deben trazar individualmente con los datos de precios como puntos, no líneas (haga clic en cada uno y cambie el estilo al de la parte inferior del menú de estilo). El color rojo se recomienda para los niveles de soporte S1 a S6 y el color azul para los niveles de resistencia R1 a R6. Introducir estas fórmulas y cambiar el estilo toma un poco de tiempo, pero una vez hecho, se pueden guardar como una plantilla y se aplican fácilmente a un animal. Si sólo está interesado en calcular los indicadores WRO y WSO, estas fórmulas se pueden introducir como se muestra aquí. No es necesario calcular S1 a S6 o R1 a R6, ya que las nuevas fórmulas son ahora autónomas. Las nuevas fórmulas WRO y WSO también contienen funciones máximas y mínimas para asegurar que el cambio para cada nivel sea cero o 1. Esto evita un error raro pero ocasional cuando el cambio de precio es muy grande en un período corto. Indicador WSO: L1: ValueWhen (1, Ref (L, -4) LLV (L, 9), Ref (L, , Ref (L, -4)) L3: Valor Cuando (4, Ref (L, -4) LV (L, 9), Ref (L, -4)) L6: Valor Cuando (6, Ref (L, L1M: Max (0, Mín (1, Int (L1 / C))) L2M: Máx (0, Mín (1, Int) (L2 / C))) L3M: Max (0, Min (1, Int (L3 / C))) L4M: Max (0, Min (1, Int (L5 / C))) L6M: Max (0, Min (1, Int (L6 / C))) 100 (1- (L1ML2ML3ML4ML5ML6M) / 6) Indicador WRO: L1: H, -4) HHV (H, 9), Ref (H, -4)) L2: Valor Cuando (2, Ref (H, -4) HHV (4, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L4: (5, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L6: Valor Cuando (6, Ref (H, -4) HHV ), L1M: Max (0, Min (1, Int (L1 / C))) L2M: Max (0, Min (1, Int (L2 / C) 0, Mín (1, Int (L3 / C))) L4M: Máx (0, Mín (1, Int (L4 / C) L6M: Max (0, Min (1, Int (L6 / C))) 100 (1- (L1ML2ML3ML4ML5ML6M) / 6) Los osciladores WRO y WSO generalmente se trazan juntos en una escala separada del gráfico de precios. Es útil agregar líneas horizontales a cero y 100 en esta misma escala. Las líneas horizontales se pueden agregar haciendo clic en el indicador y seleccionando líneas horizontales en el menú Propiedades del indicador. Estas fórmulas se ejecutan mucho más rápido (por 40 veces) que las fórmulas anteriores, y han sido probados con éxito tanto con datos de fin de día y datos en tiempo real utilizando MetaStock Professional versión 6.51. En su libro New Concepts in Technical Trading Systems. J. Welles Wilder Jr. habla sobre la volatilidad y describe su Volatility Index y Volatility System. Ambos se pueden realizar en MetaStock8482 para Windows. Este documento describe cómo construir tanto el índice como el sistema. El Índice de Volatilidad (VI) es descrito por Wilder como: VI Hoy (13 VI Anterior TR1) / 14 donde TR1 es el verdadero rango de hoy. Define la verdadera gama como la más grande de las siguientes: La distancia desde el actual de hoy hasta el de hoy La distancia de los ayeres cerca de la máxima de hoy, o La distancia desde el ayer hasta la de hoy. En MetaStock versión 5.0 o superior, utilizaría la siguiente función. El sistema de la volatilidad es: Si usted tiene fórmulas de Metastock que usted quisiera compartir, envíe por correo electrónico a Esperamos tener noticias de usted Para aprender más sobre cómo utilizar Metastock y su fórmula haga clic aquí. Copyright 2003 MetaStock Website Home Metastockreg es una marca registrada de Equis International. MetaStock Indicadores Personalizados 5 35 5 MACD Absolute Breadth Index Línea de Avance / Declinación con Volumen Negativo Promedio Movible Adaptable, por Perry Kauffman ADX / ADXR Custom (sin redondear) Arms Index (TRIN ) Indicadores de Aroon, por Tushar Chande Método Promedio-Modificado, por Perry Kauffman Bandas de Bollinger Fuerza de la anchura Candlecode Índice de fuerza de la vela Chande Momentum Oscilador Compuesto Promedio Chande Momentum Oscilador Volatilidad Chandes Momentum Oscillator Chandes Tendencias Cambio Cambios Manejo Acumulación / Distribución Relativa Relativa Fuerza MetaStock para Windows Confianza Coppock Curve Diario Cerrar vs alto y bajo Cerrar Índice de Disparidad del Oscilador de Precios Detrended Mostrando el Precio de una Seguridad en 32nds y 64ths Divergencia entre el Close y un Indicador Dynamic Momentum Oscillator Elliot Oscillator End Point Promedio móvil Puntos finales de una línea de regresión lineal con desviaciones estándar Gann Alto Bajo Gann-Swing Gann-Tendencia Gap Identificación Identificación de GRIIF1 Oscilador Hi Baja Onda Volatilidad Histórica Diaria Volatilidad Histórica Diaria Índice Semanal de Insync Indicador de Kurtosis Histograma MACD Índice de Facilitación del Mercado Indice de Facilitación del Mercado Asesor Experto Presión del Mercado - Index McClellan Oscilador McClellan Summation Índice McGinley Indicador Dinámico Modificado VIX Índice de Flujo de Dinero Morris Doble Momentum Oscilador Promedio Móvil de Solo Un Día de la Semana Volatilidad de Natenbergs Un Dólar de Flujo de Dinero Porcentaje Por encima / Por debajo de la Media Móvil Persistencia del Flujo de Dinero Plotting Alpha y Beta Polarized Fractal Indicador de Acción de Precios de Eficiencia (PAIN) Precio Oscilador Onda Precio Volumen Rango Precio Volumen Tendencia Estocástico Random Walk Índice Índice de Variación Desde una Fecha Específica Movimiento Recursivo Tendencia Oscilador de Regresión Media y el Indicador de Pendiente / Cerrar Índice de Volatilidad Relativa Relativa (RSI) RVI) R cuadrado, Chande amp Krolls Regla de 7 Oscilador Onda de Corto Volumen Pendiente de una Línea Pendiente de una Línea de Regresión Lineal Bandas de Error Estándar para MetaStock para Windows Especial Trix STIX Oscilador Estocástico D Estocástico Índice de Fuerza Relativa Onda Estocástica Onda Estocástica Larga Soporte Corto y Resistencia - Yoni La Nueva Línea Avanzada de Declinación Línea Tick Línea Momentum Oscillator Trading Indice de Bandas Tendencia Bandini Trendline Formula Índice de Fuerza Verdadera Tushar Chandes Precio Objetivo Tushar Chandes Vidya con Volatilidad Bandas Volatilidad Volatilidad Diferencia Volumen Acumulación Indicador Volumen Oscilador Onda Semanal Alta Baja Onda Semanal Oscilador Segmento Precio Semanal Oscilador Wilders Volatilidad TASC Comerciantes Consejos Freeburg Metales Preciosos Interruptor Fondo Sistema Arcoiris Gráficos Usando Fibonacci Ratios y el impulso Momentum Volatilidad Indicador Rompimiento de los canales de precios Técnicas de suavizado para más Precisa Señales Ancladas Momentum Doble Tops y Doble Fondo Movible Adaptable Automático Soporte automático y Resistencia Mutated Variables Volatilidad Y un Paradigma de Nuevo Mercado Análisis de Canales Una Volatilidad Comercio de Oro De Términos a Herramientas Técnicas Promedio Movimiento Simple con Resistencia y Apoyo Combinando Análisis Estadístico y de Patrones, Tiburón 32 Mejores Bandas de Bollinger Dinámico Múltiples Marcos de Tiempo MetaStock - 5 35 5 MACD El 5,35,5 MACD es una variación de la norma 12,26,9 MACD y se hizo popular por Chris Manning, que lo utiliza para identificar los principales puntos de divergencia del mercado: ((Mov (CLOSE, 5, E) - Mov Movimiento (FECHO, 5, E) - Mov (FECHA, 35, E))) Cuando se traza por primera vez en un gráfico, el 5,35, 5 MACD aparecerá como una línea sólida sin línea horizontal en el valor de cero (como se muestra en la imagen inferior). Después de aplicar el indicador MACD 5 35 5 a su gráfico, utilice los siguientes pasos para crear un histograma con la línea vertical a cero. A) Haga doble clic en el indicador para abrir el cuadro de diálogo de propiedades. B) Seleccione la pestaña ColorStyle y con la lista desplegable Estilo, seleccione la configuración del histograma (segundo desde la parte inferior). C) Seleccione la pestaña Líneas horizontales e introduzca un valor de cero (0) para el valor de línea horizontal. Haga clic en Agregar. D) Haga clic en Aceptar (el indicador aparecerá como se muestra a continuación) MetaStock Formula - Absolute Breadth Index El Índice Absoluto de Breadth (ABI) es un indicador de impulso del mercado que fue desarrollado por Norman G. Fosback. El ABI muestra cuánta actividad, volatilidad y cambio está teniendo lugar en la Bolsa de Valores de Nueva York, ignorando la dirección de los precios se dirigen. Usted puede pensar en el ABI como un índice de calidad. Las altas lecturas indican la actividad y el cambio en el mercado, mientras que las bajas lecturas indican falta de cambio. En el libro del Sr. Fosbacks, Lógica de Mercado de Valores. Él indica que históricamente, los altos valores llevan típicamente a los precios más altos tres a doce meses más adelante. La fórmula de MetaStock para el Índice Absoluto de Breadth es: ABS (Advancing Issues - Declining Issues) Para trazarlo: Crear una seguridad compuesta de las ediciones avanzadas - problemas decrecientes. En las versiones de Windows, utilice el DownLoader para crear el compuesto o en las versiones de DOS, use MetaStocks File Maintenance para crear el compuesto. En MetaStock abra el compuesto y trace la fórmula personalizada ABS (C) sobre el mismo. Fórmula de MetaStock - Línea de Declinación Avanzada con Volumen Negativo Hay una manera de obtener el volumen negativo en un gráfico de línea de avance-declive en MetaStock para Windows. El requisito es: Cada seguridad debe tener tanto el número de problemas como el volumen del archivo. Avanzar problemas con el avance de volumen en una seguridad y disminución de problemas con la disminución de volumen en un archivo de seguridad. Estos archivos pueden obtenerse de Reuters Trend Data a través de The DownLoader for Windows. También necesitará crear una seguridad compuesta de la línea Advance-Decline, que es el avance - declina. Los siguientes pasos le ayudarán a obtener una línea de disminución anticipada con un volumen negativo cuando corresponda. Siga estos pasos una vez y guárdelos como un GRÁFICO. Cuando quiera usarlo simplemente cargue el gráfico y el programa calculará el nuevo diagrama de volumen utilizando los nuevos datos. Crear un NUEVO gráfico de los temas que avanzan. Crear un NUEVO gráfico de los problemas en declive. Cree un NUEVO gráfico del compuesto de avance-disminución. Cree una NUEVA VENTANA INTERNA en el gráfico de problemas en declive. Elimine el gráfico de volumen en el gráfico compuesto de avance-disminución. Copie el volumen de la tabla de avances de problemas y péguelo en la nueva ventana interna del gráfico de problemas en declive. Suelte la fórmula personalizada, P-V en el diagrama de volumen de avance en el gráfico de problemas en declive, creando una nueva escala. Copiar esa trama a la ventana interna vacía (donde estaba el volumen) del compuesto de avance-disminución. Guardar la tabla como la carta de adv-decl (quizás advdecl. mwc). Este será el gráfico que carga para hacer su estudio de la línea de avance-declinación con volumen negativo MetaStock Formula - Adaptive Moving Average, por Perry Kaufman Esta es una fórmula de Metastock para Windows versión 6.5. Períodos: Entrada (quotTime Periodsquot, 1,1000, 10) Dirección: CLOSE - Ref (Close, - periods) SSC: ER (FastSC - SlowSC) Fórmula de MetaStock - ADX / ADXR Personalizada (sin redondeo) Aquí están las fórmulas ADX y ADXR personalizadas que trazarán los decimales después del cálculo. (CLOSE - ref (Close, -1) Los indicadores incorporados trazan exactamente como Welles Wilder los traza en su libro, New Concepts in Technical Trading Systems. Estos indicadores personalizados calculan la misma forma excepto que no redondean como lo hace Wilder. (HgtRef (H, -1) Y LgtRef (L, -1), H-Ref (H, -1), Si (HgtRef (H, -1) ) Y H _ {1} - Ref (H, - 1) y H - Ref (H, - 1) gt Ref (L, ) / ATR (Periodos) MinusDM: Si (LltRef (L, -1) Y HltRef (H, -1), Ref (L, -1) -1) y H-Ref (H, -1) ltRef (L, -1) - L, Ref (L, -1) - L, 0)) MinusDI: 100Wilders (MinusDM, Periodos) : Abs (PlusDI-MinusDI) DISum: PlusDIMinusDI ADXFinal: 100Wilders (DIDif / DISum, Períodos) ADXFinal Períodos: Entrada (quotTime Periodsquot, 1,100,14) PlusDM: Si (HgtRef (H, -1) y LltRef ), H-Ref (H, -1), Si (HgtRef (H, -1) Y LltRef (L, -1) (L, -1) y HltRef (H, -1), Ref (L, - 1), 0)) PlusDI: 100Wilders (PlusDM, Periodos) / ATR (Periodos) 1) - L, If (HgtRef (H, -1) y LltRef (L, -1) y H-Ref (H, -1) L, 0)) MinusDI: 100Wilders (MinusDM, Períodos) / ATR (Periodos) DIDif: Abs (PlusDI-MinusDI) DISum: PlusDIMinusDI ADXFinal: 100Wilders (DIDif / DISum, Periodos) ADXFinalRef (ADXFinal, (TRIN) El Índice de Armas, también conocido como TRIN, es un indicador del mercado que muestra la relación entre el número de acciones que aumentan o disminuyen en el precio (emisiones progresivas / decrecientes) y El volumen asociado con las existencias que aumentan o disminuyen en el precio (avance / disminución del volumen). El Arms Index fue desarrollado por Richard W. Arms, Jr. en 1967. El Arms Index es principalmente una herramienta de comercio a corto plazo. El Índice muestra si el volumen está fluyendo hacia las existencias que avanzan o disminuyen. Si se asocia más volumen a las existencias que avanzan que a las existencias en declive, el índice de armas será inferior a 1,0 si el volumen se asocia con la disminución de las existencias, el índice será superior a 1,0. Para calcular el Índice de Armas en MetaStock para Windows, primero tendrá que recopilar los cuatro datos. Reuters Trend Data (RTD) suministra estos datos en dos archivos. Los tickers son X. NYSE-A (Avances, número y volumen) y X. NYSE-D (Declina, número y volumen). Dial / Data también suministra estos datos en dos archivos. Avances, número y volumen y Declina, número y volumen. Los tickers son NAZK y NDZK. CompuServe suministra estos datos en 4 archivos. Los tickers son NYSEI (Advances) utilizan el cusip 00000157 en lugar del símbolo NYSEJ (declina) NYUP (volumen anticipado) y NYDN (volumen de disminución). Después de que se han recopilado los datos, siga estos pasos: Para los datos de RTD o Dial Data En el DownLoader, cree una seguridad compuesta de Advances / Decline. En MetaStock abra el compuesto. Cree y trace la fórmula personalizada: C / V Esto le da el índice de armas (TRIN). Para los datos de CompuServe En el DownLoader cree los dos compuestos. Avances de problemas / problemas de disminución Aumento de volumen / disminución de volumen En MetaStock abrir ambos compuestos. Azulejos los gráficos para que ambos puedan ser vistos. Arrastre la trama del Adv. Volumen / Dic. Composición de volumen en una ventana interna en el Adv. Cuestiones / Dic. Cuadro de cuestiones. Cree la fórmula personalizada: C / P Trace esta fórmula encima del Adv. Volumen / Dic. Gráfico de volumen (el volumen de volumen / volumen dec. De volumen cambiará a un color purpúreo para indicar que la fórmula se representará en ella). Usted sabrá que tiene el Índice de Armas (TRIN) trazado. Puede arrastrarlo a su propia ventana interna si lo prefiere. MetaStock Formula - Indicadores de Aroon, por Tushar Chande Para la interpretación de los indicadores de Aroon refiérase al artículo de Tushar Chandes en Time Price Oscillator quot en el Septiembre, 95 Análisis Técnico de Stocks amp Commodities magazine. 100 (14 - ((If (Ref (L, -1) LLV (L, 14), 1. Si (Ref (L, ) LLV (L, 14), 3, Si (Ref (L, -4) LLV (L, 14), 4, L, -6) LLV (L, 14), 6, Si (Ref (L, -7) LLV (L, 14) Si (Ref (L, -9) LLV (L, 14), 9, Si (Ref (L, -10) LLV (L, ), 11, Si (Ref (L, -12) LLV (L, 14), 12, Si (Ref (L, -13) LLV (14), 14, 0))))))))) / 14 Fórmula MetaStock - Empuje de bread El indicador de empuje de breadth es un indicador de impulso de mercado desarrollado por el Dr. Martin Zweig. El Impulso de Breadth se calcula tomando un promedio móvil exponencial de 10 días de las ediciones de avance dividido por las ediciones avanzadas más decrecientes. Según el Dr. Zweig, un empuje de bread se produce cuando, durante un período de 10 días, el indicador de empuje de anchura sube de menos del 40 por ciento a más del 61,5 por ciento. Un quotTrustquot indica que el mercado de valores ha cambiado rápidamente de una condición de sobreventa a uno de fuerza, pero aún no se ha convertido en sobrecompra. El Dr. Zweig también señala que sólo ha habido 14 Expulsiones de Breadth desde 1945. El promedio de ganancia después de estos 14 Thrusts fue de 24,6 por ciento en un plazo promedio de 11 meses. El Dr. Zweig también señala que la mayoría de los mercados alcistas comienzan con un empuje de breadth. Para trazar el Market Breadth en MetaStock para Windows necesitará: Crear una seguridad compuesta de las ediciones avanzadas que disminuyen problemas en el DownLoader. En MetaStock abra un gráfico del compuesto y un gráfico de las ediciones avanzadas. Coloca las tablas para que puedas ver las dos en la pantalla. Arrastre la trama del compuesto en el gráfico de las ediciones avanzadas. Cree el indicador personalizado: mov (C / P, 10, E), luego plotee en la parte superior de la trama del compuesto (la trama de compuestos se convertirá en un color purpúreo). Si obtiene una línea plana, entonces no se representó directamente en la parte superior de la parcela de compuestos. A continuación, puede hacer clic con el botón derecho del ratón en el impulso de amplitud, seleccionar Propiedades de empuje de anchura, ir a la página Líneas horizontales y agregar líneas horizontales en 40 y 60. Fórmula MetaStock - Candelde Bdy: Abs (OC) Lshd: Si (CgtO, OL, CL ) UsB: (CgtO, HC, HO) ThBotB: BB y Bot (Bdy, 55, E, 0,5) ThTopB: BBandTop (Bdy, 55, E, 0,5) ThBotL: BBandBot (Lshd, 55, E, 0,5) (Lshd, 55, E, 0.5) ThBotU: BBandBot (Ushd, 55, E, 0.5) ThTopU: BBandTop (Ushd, 55, E, 0.5) CCode: Si (CO, 1,0) If (UshdgtLshd, 64,48 ) If (BtgtThTopB, 112,0)) Si (CltO, Si) (Si (CgtO, 1,0) (If (BdyltThBotB, 32,0) If (BdygtThBotB Y BdyltThTopB, 16,0))) (If (Lshd0,3,0) If (LshdltThBotL Y Lshdgt0,2,0) If (LshdgtThBotL AND LshdltThTopL AND Si (Ushdgt0 y UshdltThBotU, 4,0) Si (UshdgtThbotU Y UshdltThTopU, 8,0) Si (UshdgtThTopU, 12,0)) CCode Fórmula MetaStock - Índice de fuerza de la vela Cum (If (Fml (Fml (quotTodays Changequot), 7, E) Y C gt Ref (C, -1), CV, If (Fml (quotTodays Changequot) lt Mov (Fml C lt Ref (C, -1), Neg (CV), 0))) Donde Fml (quotTodays Changequot) c-ref (c, -1) Comparativa Relativa Fuerza en MetaStock para Windows Comparativa Relativa Fuerza gráficos pueden ser útiles en la decisión Que la seguridad para comprar, al ayudar a determinar el mejor rendimiento. También pueden ser útiles en el desarrollo de spreads, es decir, la compra del mejor desempeño quotlongquot, y la venta de los problemas más débiles quotshort. quot fuerza relativa comparativa se puede aplicar en MetaStock para Windows de la siguiente manera: Creación de una plantilla para comparar la fuerza relativa (Para esta ilustración , Asumimos que se compara una acción / acción con la SampP 500, las cuales deben primero haber sido recolectadas de su proveedor. Los dos archivos de datos deben estar en la misma periodicidad.) Cargue el SampP 500. Cargue la equidad, o lo que usted desea Para encontrar la fuerza relativa para. Arrastre la parcela de SampP 500 en una nueva ventana interna del patrimonio. (Puede que necesite hacer clic primero en Apilar). Cierre el gráfico de SampP 500. Cree un indicador personalizado: Div (close, p) Arrastre el indicador personalizado a la ventana interna que contiene el gráfico de SampP 500, moviéndolo sobre el gráfico hasta que el gráfico cambie a un color rosa o lavanda y suelte el botón del ratón. (Esto se conoce como arrastrar y soltar un indicador en un indicador. El nuevo indicador se representará en la misma ventana que el gráfico de SampP 500.) Tiene dos opciones: Puede cambiar el color del gráfico SampP 500 para que sea igual El color del fondo de la carta, para que sea efectivamente invisible. (Haga doble clic en la parcela de SampP 500 para obtener su quotpropertiesquot, a continuación, elija el color que necesita de la lista de colores.) Puede dar a ambos gráficos de diferentes colores para que pueda decir cuál es cuál. Guarde esta tabla como una plantilla. (FileSave As, defina quotSave File As Typequot to Template y póngale un nombre, como CMPRELST. MWT.) Cada vez que desee ver la Resistencia Relativa Comparativa de un capital con respecto al SampP 500, aplique esta plantilla al gráfico de capitales. Nota: Si debe mover el archivo de datos con el que está comparando, como el SampP 500, esta plantilla ya no funcionará y tendría que ser recreada. Para ejecutar una exploración usando la fuerza relativa comparativa Cargue el SampP 500 (o lo que usted quiere comparar contra). Cree un indicador personalizado de Cerrar. Arrastrar y soltar este indicador en el SampP 500 (o lo que sea.). (Nota: la parcela de SampP 500 debe cambiar a color rosa / lavanda antes de soltarla). El indicador dibujará. Seleccione el gráfico del indicador (haciendo clic con el botón izquierdo del ratón en la línea). Haga una exploración con DIV (Close, p) en la columna A y especifique qué directorio explorar. Los resultados se muestran en el informe Exploración. (P es una variable especial que apunta al último indicador trazado o seleccionado). MetaStock Formula - Confianza (Sum (Mov (C (2.5 / Sqrt (50 V)), 10, S) Sqrt (50 V)), 10, S), 5), 3) / suma (HHV (Mov (C (2,5 / Sqrt La curva de Coppock fue desarrollada por Edwin Sedgwick Coppock en 1962. Se presentó en la edición de noviembre de 94 de Análisis Técnico de Stocks Amp Productos. En el artículo titulado The Coppock Curvequot. Escrito por Elliot Middleton. Tomado de Stocks amp Commodities, V. 12:11 (459-462): La Curva Coppock de Elliott Middleton "Somos criaturas de hábito. Juzgamos al mundo en relación con lo que hemos experimentado. Si estuviera haciendo compras para una hipoteca y las tasas han sido en los adolescentes (como estaban en la década de 1980) y luego caer a 10, estamos exaltados. Si, sin embargo, han estado en 8 y luego suben a 10, estamos decepcionados. Todo depende de tu perspectiva. El principio de nivel de adaptación se aplica a cómo juzgamos nuestros niveles de ingresos, precios de las acciones y virtualmente cualquier otra variable en nuestras vidas. Psicológicamente, prevalece la relatividad. El promedio móvil es la forma más simple de nivel de adaptación. Las reglas de crossover promedio móvil indican con precisión la aparición de períodos de rendimientos fuera de la norma, ya sean positivos o negativos. This makes moving average crossovers useful to traders who want to get a boost on entering or exiting stocks or funds. The oscillator is also based on adaptation-level, although in a slightly different way. Oscillators generally begin by calculating a percentage change of current price from some previous price, where the previous price is the adaptation-level or reference point. The mind is attuned to percentage changes because they represent returns. If you bought Microsoft Corp. stock (MSFT) at 50 and it goes to 80, you make 60 before dividends. If you bought Berkshire Hathaway (BRK) at 4,000 and it rises to 4,030, the same dollar gain, you make 0.75 before dividends. Its the percentage change that counts. Relativity again. Coppock reasoned that the markets emotional state could be determined by adding up the percentage changes over the recent past to get a sense of the markets momentum (and oscillators are generally momentum indicators ). So if we compare prices relative to a year ago - which happens to be the most common interval - and we see that this month the market is up 15 over a year ago, last month it was up 12.5 over a year ago, and 10, 7.5 and 5, respectively, the months before that, then we may judge that the market is gaining momentum and, like a trader watching for the upward crossover of the moving average, we may jump into the market. quot The MetaStock formula for the Coppock Curve is: where X is the number of Time Periods for the Oscillator and T X / 2 1. For example, a 20 period DPO would be: X 20 T (20/2 1) 11 Close-Ref( Mov(Close, 20, Simple),11) MetaStock Indicator - Disparity Index Steve Nison refers to the his Disparity Index quotas a percentage display of the latest close to a chosen moving averagequot. This can be defined in MetaStock using the formula: ( ( C - Mov( C, X. ) ) / Mov( C, X. ) ) 100 where X is the number of time periods and. is the calculation type of the moving average. ( ( C - Mov( C ,13,E ) ) / Mov( C ,13,E ) ) 100 where X 13 time periods and. Exponential moving average. MetaStock Indicator - Displaying the Price of a Security in 32nds and 64ths All versions of MetaStock prior to our Windows software would need this formula. You can display your securitys prices in 32nds and 64ths, by using the following custom formulas. Once plotted these values will be displayed in the indicator window. INT( C ) ( ( FRAC( C ) / .03125 ) / 100 ) INT( C ) ( ( FRAC( C ) / .015625 ) / 100 ) Where C is for the securitys closing price and can be replaced with O, H, or L for the open, high, or low price instead. MetaStock Indicator - Divergence Between the Close and an Indicator The following formula will calculate the correlation of the Close and the MACD. It is written using a quotlong formquot MACD so that the time periods used by the MACD may be changed. This indicator shows quotdivergencequot between the close and the indicator: In the Windows versions of MetaStock the formula is: Correl(((Sum(Cum(1)(Mov(C,12,E)-Mov(C,26,E)),100))-(Sum(Cum(1),100) Sum((Mov(C,12,E)-Mov(C,26,E)),100)/100))/((Sum(Power(Cum(1),2),100))- (Power(Sum(Cum(1),100),2)/100)),((Sum(Cum(1)C,100))-(Sum(Cum(1),100) Sum(C,100)/100))/((Sum(Power(Cum(1),2),100))-(Power(Sum(Cum(1),100),2)/100)),12,0) The interpretation of the indicator output is as follows: - .08 (80) and lower is divergence between the Close and the MACD. - 1 is very strong divergence. 1 is very strong correlation. The formula was constructed this way so that most other indicators may be used in place of the MACD. For example here is the same indicator using the RSI(14): Correl(((Sum(Cum(1)(RSI(14)),100))-(Sum(Cum(1),100) Sum((RSI(14)),100)/100))/((Sum(Power(Cum(1),2),100))-(Power(Sum(Cum(1),100),2)/100)), ((Sum(Cum(1)C,100))-(Sum(Cum(1),100)Sum(C,100)/100))/((Sum(Power(Cum(1),2),100))- (Power(Sum(Cum(1),100),2)/100)),12,0) MetaStock Indicator - Dynamic Momentum Oscillator In July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation. He describes the Dynamo Oscillator to be: Dynamo Mc - ( MAo - O ) where Mc the midpoint of the oscillator MAo a moving average of the oscillator O the oscillator This concept can be applied to most any oscillator to improve its results. Applying the Dynamo Oscillator to a 5-period K slowed 3 periods Stochastic Oscillator would give: where: Mc Stochastic Oscillators midpoint 50 MAo Moving average of the Stochastic Mov(Stoch(5,3),21,S O Stochastic Oscillator Stoch(5,3) This example applies it to an RSI oscillator: where: Mc RSIs midpoint 50 MAo Moving average of the RSI Mov(RSI(14),21,S O RSI Oscillator RSI(14) MetaStock Indicator - Elliot Oscillator MetaStock Indicator - End Point Moving Average The End Point Moving Average was introduced in the October 95 issue of Technical Analysis of Stocks amp Commodities in the article quot The End Point Moving Averagequot . by Patrick E. Lafferty. The exact formula for the End Point Moving average is as follows: ( 14 Sum( Cum( 1 ) C,14 ) - Sum( Cum( 1 ),14) Sum( C,14) ) / (14 Sum( Pwr( Cum( 1 ),2),14 ) - Pwr( Sum( Cum( 1 ),14 ),2 ) ) Cum( 1 ) (Mov(C,14,S) - Mov( Cum( 1 ),14,S) (14 Sum( Cum( 1 ) C,14) - Sum( Cum( 1 ),14 ) Sum( C,14) ) / (14 Sum( Pwr( Cum( 1 ),2 ),14) - Pwr( Sum( Cum( 1 ),14 ),2 ) ) ) The above formula plots the last value of a linear regression line of the previous 14 periods. The Time Series Forecast takes this value and the slope of the regression line to forecast the next day and then plots this forecasted price as todays value. Please note the above formula is using 14 regression periods. If you desire to use different time periods you must change all instances of the number 14 to the desired number of time periods. For interpretation refer to Mr. Laffertys article. MetaStock Indicator - End Points of a Linear Regression with Standard Deviations In MetaStock 5.x for Windows there is a way to plot the end points of a linear regression line with channels /- 2 Standard Deviations. Here are the three formulas: Linear Regression (14): (14 Sum(Cum(1) C,14) - Sum(Cum(1),14) Sum(C,14)) /(14 Sum(Pwr(Cum(1),2),14) - Pwr(Sum(Cum(1),14),2)) Cum(1) (Mov(C,14,S) - Mov(Cum(1),14,S) (14 Sum(Cum(1) C,14) - Sum(Cum(1),14) Sum(C,14))/(14 Sum(Pwr(Cum(1),2),14) - Pwr(Sum(Cum(1),14),2))) Linear Regression Lower Band: Fml( quotLinear Regression (14)quot ) - 2 Stdev( Fml( quotLinear Regression (14)quot ) ,14) Linear Regression Upper: Fml( quotLinear Regression (14)quot ) 2 Stdev( Fml( quotLinear Regression (14)quot ) ,14) MetaStock Indicator - Plotting Alpha and Beta To plot Alpha and Beta in MetaStock follow the steps below. The custom indicator named Beta is required to plot Alpha. In the Windows versions of MetaStock: To plot Alpha: Create the custom formulas Alpha and Beta (see below for formula syntax). Open a chart of the desired security. Drag the price plot of the index you are comparing, into the chart of the security and close the chart of the index. Maximize the security chart if needed. Drag the custom indicator Alpha from the Quick List and drop it onto the price plot of the index. The index plot will turn a purplish color when you are plotting on top of it. Note, this formula is set to calculate Alpha over 21 periods. To change the time periods replace each instance of 21 in the formula with the desired number of periods and also change the time periods in the Beta custom indicator. ( Sum( ROC( CLOSE ,1 , ) ,21 ) - ( Fml( quotBetaquot ) Sum( ROC( INDICATOR,1,) ,21 ) ) ) / 21 To plot Beta: Open a chart of the desired security. Drag the price plot of the index your comparing, into the chart of the security. Drag this custom indicator from the Quick List and drop it onto the price plot of the index. Note, this formula is set to calculate beta over 21 periods. To change the time periods replace each instance of 21 in the formula with the desired number of periods. ( ( 21 Sum( ROC( CLOSE ,1 , ) ROC( INDICATOR ,1 , ) ,21 ) ) - ( Sum( ROC( CLOSE ,1 , ) ,21) Sum( ROC( INDICATOR ,1 , ) ,21 ) ) ) / ( (21 Sum( Pwr( ROC( INDICATOR ,1 , ) ,2 ) ,21 )) - Pwr( Sum( ROC( INDICATOR ,1 , ) ,21 ) ,2 )) Beta is a measure of volatility of one security against another. This is typically used to measure the volatility of a stock against an index like the SampP 500. A value greater than one indicates the stock is more volatile than the index. MetaStock Indicator - Polarized Fractual Efficiency The January 1994 issue of Stocks amp Commodities featured an article by Hans Hannula on Polarized Fractual Efficiency. Here is the custom formula for creating the five-period smoothed 10-day PFE using MetaStock: Mov(If(C, gt, Ref(C,-9),Sqr(Pwr(Roc(C,9,),2) Pwr(10,2)) / Sum(Sqr(Pwr(Roc(C,1,),2)1),9),- Sqr(Pwr(Roc(C,9,),2) Pwr(10,2)) / Sum(Sqr(Pwr(Roc(C,1,),2)1),9))100,5,E) MetaStock - Price Action Indicator (PAIN) If you were only given todays open, high, low and close, how could you make heads or tails of it The Price Action Indicator (PAIN) can help. The formula returns a single value that weighs intra-day momentum (C-O), Late Selling Pressure (LSP) (C-L), and Late Buying Pressure (LBP) (C-H). The formula is proven by constructing ideal limit-up and limit down scenarios in bond futures. The output is shown to be consistent with the interpretation of Japanese candlestick patterns. See Michael B. Geraty (1997). quotGetting Better Directionsquot Futures Vol. 26: Aug. MetaStock Indicator - Price Oscillator Wave MetaStock Indicator - Price Volume Rank Taken from Stocks amp Commodities, V. 12:6 (235-239): Price-Volume Rank by Anthony J. Macek quotImagine receiving a warning when the market was likely to collapse or being alerted when one of your favorite stocks was about to rally. What if these signals came from analysis that was simple enough to do without a computer and took only a few minutes a day to update, using just two pieces of information found in virtually any newspaper Is this a dream Maybe not. Anthony Macek explains. The old adage about keeping things simple applies even to the investment world. Methods of analysis such as polarized fractal efficiency and price oscillator divergences do a great job, but for those with neither the time nor the inclination to master the techniques necessary to monitor every blip and sputter that the market produces may be served just as well by noting only two very important market variables: price and volume. quot For interpretation refer to the June 94 issue of Technical Analysis of Stocks amp Commodities . You need to create all of the following custom formulas in order for the PV Rank to calculate properly. P-V Rank: Fml( quotPV1quot ) Fml( quotPV2quot ) PV1: If( C, gt, Ref( C ,-1 ),If( V, gt, Ref( V ,-1 ) ,1,If( V, lt, Ref(V ,-1 ) ,2 ,0 ) ) ,0 ) PV2: If( C, lt, Ref( C ,-1 ),If( V, lt, Ref( V ,-1 ) ,3,If( V, gt, Ref( V ,-1 ) ,4 ,0 ) ) ,0 ) PV Biggie: (This combines all formulas into one formula) If( C, gt, Ref( C ,-1 ),If( V, gt, Ref( V ,-1 ) ,1,If( V, lt, Ref( V ,-1 ) ,2 ,0 ) ),If( C, lt, Ref( C ,-1 ),If( V, lt, Ref( V ,-1 ) ,3,If( V, gt, Ref( V ,-1 ) ,4 ,0 ) ) ,0 ) ) MetaStock Indicator - Price Volume Trend Stochastic The following formulas, for the Random Walk Index, were constructed using information from the article quotAre There Persistent Cyclesquot . by E. Michael Poulos, in the September 1992 TASC. All formulas are needed. Random Walk Index: Max( ( Ref(HIGH,-1) - LOW ) / ( ( Ref(Sum (Atr ( 1 ) ,2 ),-1) / 2) Sqrt( 2 ) ),Max( (Ref(HIGH,-2) - LOW) / ( ( Ref(Sum (Atr ( 1 ),3),-1) / 3) Sqrt( 3 ) ), Max( (Ref(HIGH,-3) - LOW) / ( (Ref(Sum (Atr( 1 ) ,4) ,-1) / 4) Sqrt( 4 ) ). Max( ( Ref( HIGH,-4) - LOW) / ( (Ref(Sum(Atr( 1 ),5),-1) / 5) Sqrt( 5 ) ), Max( (Ref(HIGH,-5) - LOW) / ( (Ref( Sum( Atr ( 1 ),6),-1) / 6 ) Sqrt( 6 ) ), Max( ( Ref(HIGH,-6) - LOW) / ( (Ref( Sum( Atr( 1 ),7),-1) / 7) Sqrt( 7 ) ), Max((Ref(HIGH,-7)-LOW) / ( (Ref(Sum (Atr( 1 ),8),-1) / 8) Sqrt(8) ), (Ref(HIGH,-8)-LOW) / ( (Ref(Sum (Atr (1),9),-1) / 9) Sqrt( 9 ) ) ) ) ) ) ) ) ) MetaStock Formula - Rate of Change Since a Specific Date The following formula plots a percent rate of change between a specific date and today. The user is prompted for the specific date. This will only work in MetaStock for Windows 95/NT version 6.5 (or higher) or in MetaStock Professional. Construct the formula in the Indicator Builder, giving it the name shown below in bold. All the text after quotFORMULA:quot and before quotEND OF FORMULAquot below should be placed in the Formula field in the Indicator Builder. Once the indicator has been created, you can drag it out of the Indicator Quicklist for placement in an inner-window of your chart. NAME: ROC Since a Date Day1 : Input(quotDayquot,1,31,4) Month1 : Input(quotMonthquot,1,12,1) Year1 : Input(quotYearquot,1900,2400,1999) 100 (CLOSE - ValueWhen(1,DayOfMonth() Day1 AND Month() Month1 AND Year() Year1, CLOSE))/ ValueWhen(1,DayOfMonth() Day1 AND Month() Month1 AND Year() Year1,CLOSE) MetaStock Indicator - Recursive Moving Trend Average MetaStock Indicator - Regression Oscillator and Slope/Close Indicator In MetaStock 6.0 its easy to create the Regression Oscillator and the Slope/Close Indicator from Richard Goeddes article, quotMarket timing with the regression oscillatorquot, which appears in the March 97 issue of Technical Analysis Stocks and Commodities magazine . First choose Indicator Builder from the Tools menu and enter the following formulas: Regression Oscillator 100 (CLOSE/ LinearReg(CLOSE,63)-1) Slope/Close 10000 LinRegSlope(CLOSE,63)/CLOSE Next drag each of these formulas from the Indicator QuickList and drop them on the heading of a chart. To create horizontal lines, click the right mouse button while the mouse pointer is positioned over the Regression Oscillator to display the shortcut menu. Choose Regression Oscillator Properties. On the Horizontal lines page add horizontal lines at 14, 0, and -14. You can use The Explorer to perform the screen mentioned in the article. First choose The Explorer from the Tools menu, next create a new Exploration with the following information: Column A Name: Reg Osc Formula: Fml(quotRegression Oscillatorquot) Column B Name: Slp/Cls Formula: Fml(quotSlope/Closequot) Filter Formula: ColB gt 50 and ColA gt-15 and ColA lt -5 Choose OK and then Explore to run the Exploration. For MetaStock for Windows 5.x users the instructions are the same except enter the following custom indicator in place the ones mentioned earlier. Regression Oscillator 100 (CLOSE/ ((63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) / (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2)) Cum(1) (Mov(C,63,S) - Mov(Cum(1),63,S) (63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) / (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2))))-1) Slope/Close 10000 ((63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) / (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2)))/CLOSE MetaStock Indicator - Relative Strength Index (RSI) Custom This custom RSI will allow you to select which price data to use when you plot it. The standard RSI uses the close value as Welles Wilder did when he created the indicator. This custom indicator will allow you to use the other price fields including volume. B:Input(quotField: 1Close, 2Open, 3High, 4Low, 5Volumequot,1,5,1) MetaStock Indicator - Relative Volatility Index (RVI) The following formulas were taken from the article quotThe relative volatility index, quot written by Dorsey, Donald, in the June 93 issue of Technical Analysis of STOCKS amp COMMODITIES. Taken from Stocks amp Commodities, V. 11:6 (253-256): The Relative Volatility Index by Donald Dorsey quotThe RVI is simply the relative strength index (RSI) with the standard deviation over the past 10 days used in place of daily price change. Because most indicators use price change for their calculations, we need a confirming indicator that uses a different measurement to interpret market strength. The RVI measures the direction of volatility on a scale of zero to 100. Readings above 50 indicate that the volatility as measured by the 10-day standard deviation of the closing prices is more to the upside. Readings below 50 indicate that the direction of volatility is to the downside. The initial testing indicates that the RVI can be used wherever you might use the RSI and in the same way, but the specific purpose of this study is to measure the RVIs performance as a confirming indicator. quot The RVI was designed to measure the direction of volatility. It calculates price strength by measuring volatility rather than price change. All of the following formulas are required: For interpretation refer to the article quot Standard Error Bands quot, in the September 96 issue of TASC, written by Jon Anderson. 21 period Upper Band (smoothed): Mov((21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) / (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) Cum(1) (Mov(C,21,S) - Mov(Cum(1),21,S) (21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21))/ (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) 2(Sqrt(((Sum(Power(C,2),21)-(Power(Sum(C,21),2)/21)) -((Sum(Cum(1)C,21))-((Sum(Cum(1),21)Sum(C,21)/21)))/ ((Sum(Power(Cum(1),2),21))-(Power(Sum(Cum(1),21),2)/21)) ((Sum(Cum(1)C,21))-((Sum(Cum(1),21)Sum(C,21)/21)))) /19)),3,S) 21 period Lower Band (smoothed): Mov((21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) / (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) Cum(1) (Mov(C,21,S) - Mov(Cum(1),21,S) (21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21))/ (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) - 2(Sqrt(((Sum(Power(C,2),21)-(Power(Sum(C,21),2)/21)) -((Sum(Cum(1)C,21))- ((Sum(Cum(1),21) Sum(C,21)/21))) / ((Sum(Power(Cum (1),2),21))-(Power(Sum(Cum(1),21),2)/21))((Sum(Cum(1)C,21))- ((Sum(Cum(1),21)Sum(C,21)/21)))) /19)),3,S) MetaStock Indicator - Support and Resistance Think of security prices as the result of a head-to-head battle between a bull (the buyer) and a bear (the seller). The bulls push prices higher and the bears push prices lower. The direction prices actually move reveals who is winning the battle. Support levels indicate the price where the majority of investors believe that prices will move higher, and resistance levels indicate the price at which a majority of investors feel prices will move lower. To create the Support and Resistance indicator in MetaStock use the following custom formula: LookBack : Input(quotLook Back Periodsquot,1,1000,10) Resistance :ValueWhen(1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack)) Support :ValueWhen(1,Cross(C, Mov(C, LookBack, S)),LLV(L, LookBack)) Resistance Support To use this formula most effectively, use the parameters dialogue to change the style to a dotted line while increasing the line weighting. MetaStock Indicator - The New Advance Decline Line The formulas and steps necessary to do the New Advance - Decline Line from the September 1994 Technical Analysis of Stocks amp Commodities . page 14 by Daniel Downing are: Taken from Stocks amp Commodities, V. 12:9 (363-365): A New Advance-Decline Line by Daniel E. Downing quotHeres a trading tool that uses a unique version of the daily advance-decline line of the New York Stock Exchange (NYSE). This version helps in our short - and long-term trading of index options and stock index futures. It gives many good short-term trading signals and excellent but infrequent longer-term signals The philosophy behind this tool is that the short-term traders capital is finite and that traders have to reliquify their holdings after a period. Traders can buy and try to push the equities higher only so many times before they need to reliquify, just as only a finite amount of selling waves can take place before the sellers are out of supplies. A tool that points to when short-term traders need to reliquify their positions will also spot when the markets will soon reverse their trends. quot For the Windows versions of MetaStock: Load the advances Load the declines Drag the plot of the advances into the chart of the declines Plot the following custom formula directly on the plot of advances. Cum( If( P, gt ,1000,If(C, lt ,1000. 1 ,0 ),If( C, gt ,1000 ,-1 ,0 ) ) ) MetaStock Indicator - Tick Line Momentum Oscillator In his article quotUsing The Tick In A Short-Term Indicatorquot . in the January 94 issue of TASC . Daniel E. Downing presents the Tick Line Momentum Oscillator. Taken from Stocks amp Commodities, V. 12:1 (42-44): Using The Tick In A Short-Term Indicator by Daniel E. Downing quotThe tick index, the net difference of the numbers of stocks last traded on an uptick from those last traded on a downtick. is a well-known indicator, but its got a problem. The raw number result is volatile, perhaps too volatile for some. What to do here, then, is a way to smooth out the noise to identify short-term trading opportunities. The tick is a basic unit for the markets, watched with fascination during periods of turmoil and periods of enthusiasm. It is quoted throughout the day on most quote services. In addition, the closing tick value can be found on the market statistics pages of financial newspapers such as Barrons and The Wall Street Journal. Let me present, then, the tick line momentum oscillator, which is based on the closing value for the New York Stock Exchange (NYSE) tick indicator. The oscillator has been shown to have a good track record of determining when the NYSE is overbought or oversold on a short-term basis. The formula for the tick line momentum oscillator is simple and can be easily calculated without a computer, although a spreadsheet version can be found in the sidebar, quotTick line momentum. quot Finally, the oscillator is straightforward and simple to apply. quot The MetaStock formula for the Tick Line Momentum Oscillator is: Mov( ROC( Cum( If( C, gt, Ref( Mov(C ,10,E ) ,-1 ) ,1,If( C, lt, Ref( Mov( C ,10,E ) ,-1 ) ,- 1 ,0 ) ) ) ,5 , ) ,5,E ) For interpretation refer to Mr. Downings article. MetaStock Index - Trading Channel Index The Trading Channel Index comes from an early version of AIQs Stock Expert program. quotThe Trading Channel Index measures the location of average daily price relative to a smoothed average of average daily price. It is derived from the average difference between these two values. quot To create the Trading Channel Index in MetaStock create the following custom formulas: AP: Average price ( H L C ) / 3 ESA: Smoothed price average Mov( Fml( quotAPquot ) ,10,E ) ( Mov( Ref( Fml( quotAPquot ) ,-1 ) ,10,E ) ) D: Price range estimate Mov( ( Fml( quotAPquot ) - Fml( quotESAquot ) ) ,10,E ) ( Mov( Ref( Fml( quotAPquot ) - Fml( quotESAquot ) ,-1 ) ,10,E ) ) CI: Channel index ( ( Fml( quotAPquot ) - Fml( quotESAquot ) ) / ( 0.015 Fml( quotDquot ) ) ) TRADING CHANEL INDEX: Mov( Fml( quotCIquot ) ,21,E ) ( Mov( Ref( Fml( quotCIquot ) ,-1 ) ,21,E ) ) MetaStock Indicator - Trending Banding Mov(C,2,S)gt Mov(Mov(C,2,S),2,S) AND Mov(Mov(C,2,S),2,S)gt Mov(Mov(Mov(C,2,S),2,S),2,S) AND Mov(Mov(Mov(C,2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)ANDMov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) MetaStock Indicator - Trendline Formula MetaStock Formula - Freeburg Precious Metal Switch Fund System To create the Freeburg Precious Metal Switch Fund system in MetaStock for Windows, you must first create the K ratio as a composite security. To do this, launch The Downloader from MetaStock, and choose New and then Composite from The Downloaders File menu. Make sure the directory specified is the directory where your weekly GMI and Handy and Harman data are located. Name the composite the K ratio, then choose the Barrons Gold Mining Index as the Primary symbol and Handy and Harman prices as the secondary symbol. Next, choose Divide as the Operator and the click the OK button to add the composite. Open the K ratio chart in MetaStock, Plot the Bollinger Bands Indicator and enter 46 for the number of periods and 2.3 for the standard deviations. Plot Bollinger Bands again and enter 4 for the periods and 1.6 for the Standard Deviations. Your chart should look like the one in Figure. You can also create this system in MetaStock for Dos with the same steps. The data necessary for this chart/indicator, is extremely difficult to obtain. The only source we are aware of on diskette is the author of the article. The data is in a Lotus spreadsheet. It must be output to ASCII and then converted to MetaStock data files. He will make a small charge for this data. To keep the GMI data updated, it is only available from Barrons magazine and must be manually input. The Handy amp Harman data must also be manually updated. This may be obtained from the Wall Street Journal as well. MetaStock Formula - Rainbow Charts To create Rainbow Charts in MetaStock for Windows, open any chart, drop the moving average indicator from the Indicator QuickList, and drop it in the same inner windows as the price bars. Enter two for the Periods and simple for the Method. Next plot a second moving average on the first moving average by dragging a moving average from the QuickList and dropping it on the first moving average (Note: The first moving average should turn light purple before you release the mouse button). If you dropped it correctly the Parameters dialog should say Indicator for the Price Field. Click OK to accept two periods and simple as the parameters. Change the color of this moving average as desired. Now plot a third moving average of the second moving average by repeating these steps. Continue this until you have ten moving averages. Choose Yes if MetaStock prompts you about plotting a duplicate indicator. Next choose Indicator Builder from the Tools menu and enter the following formulas. Max(Mov(C,2,S), Max(Mov(Mov(C,2,S),2,S), Max(Mov(Mov(Mov(C,2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)))))))))) Min(Mov(C,2,S), Min(Mov(Mov(C,2,S),2,S), Min(Mov(Mov(Mov(C,2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)))))))))) 100 (CLOSE - ((Mov(C,2,S) Mov(Mov(C,2,S),2,S) Mov(Mov(Mov(C,2,S),2,S),2,S) Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)) /10))/(HHV(C,10)-LLV(C,10)) -100 (Fml(quotRainbow Maxquot) - Fml(quotRainbow Minquot)) / (HHV(C,10) - LLV(C,10)) 100 (Fml(quotRainbow Maxquot) - Fml(quotRainbow Minquot)) / (HHV(C,10) - LLV(C,10)) Plot the Rainbow Oscillator in a new inner window of your chart with the ten moving averages, by dropping the custom indicator from the QuickList onto the charts heading. Right click on the Rainbow Oscillator and choose properties, then change the Style to a histogram. Now plot the Lower Rainbow Band and the Upper Rainbow Band in the same inner window as the Rainbow Oscillator. If the scaling dialog appears when plotting these indicators, choose Merge with Scale on Right. Change the colors of the Upper and Lower Rainbow Bands as desired. Now save this as a new template by choosing Save As from the File Menu and changing the File Type to template, so you can easily apply it to any chart. MetaStock Formula - Fibonacci Ratios and Momentum In MetaStock for Windows, you can establish Fibonacci Retracement levels as outlined in the November 1997 TASC article quotUsing Fibonacci Ratios and Momentumquot by Thom Hartle by first creating an Expert in the Expert Advisor. To do this, choose Expert Advisor from the Tools menu and then choose New. Enter the following Expert Highlights and Expert Symbols into your Expert. Fibonacci Ratios and Momentum Condition: RSI(14) gt 50 Label: Isolated High Note: If the Symbol labels make the chart too busy you may want to shorten the label (e. g. change Isolated High to IH). Next, close the Expert Advisor, open any chart, and then click the right-mouse button on the charts heading. Choose Expert Advisor and then Attach from the Chart Shortcut Menu. You can now choose Fibonacci Retracement from the Insert menu, and then drag from one isolated extreme to another. In MetaStock 6.5 you should right-click on the Fibonacci Retracement lines and choose properties. Check the Snap to Price checkbox so the Retracement lines will automatically snap to the high and low prices. If you followed these steps correctly, your chart should look like the chart below MetaStock Formula - Volatility Indicator You can easily create the Volatility Indicator from William Browers article in MetaStock for Windows. First choose Indicator Builder from the Tools menu in MetaStock. Next choose New and enter one of the following formulas: Formula for MetaStock Lookback : Input(quotTime Periodsquot,1,1000,50) HighVolatility : Input(quotHigh Volatility quot,.01,100,3) 100 Sum(100 ATR(1)/CLOSE gt HighVolatility, Lookback)/Lookback Formula for earlier versions of MetaStock for Windows 100 Sum(100 ATR(1)/CLOSE gt 3, 50)/50 Now drag the Volatility from the Indicator QuickList and drop it on the desired chart. Allan McNichol Equis International MetaStock Formula - Breaking out of Price Channels Breaking out of Price Channels, by Gerald Marisch, quotTechnical Analysis of Stocks amp Commoditiesquot, January 1998, page 93. quotHeres a technique based upon Tushar Chandes variable-length moving average. The indicator is more responsive to market price movements than a conventional simple or exponential moving average, and can be used for position trading. quot The following formula will match the authors slight modification to the variable moving average: VIDYA 21,5 Indicator MetaStock Formula - Smoothing Techniques for More Accurate Signals The following MetaStock formulas are from the 1998 January TASC article quot Smoothing Techniques for more Accurate Signalsquot . by Tim Tillson. Refer to his article for interpretation. quotMore sophisticated smoothing techniques can be used to determine market trend. Better trend recognition can be lead to more accurate trading signals. quot Periods:Input(quotPeriodsquot,2,63,11) Size:LastValue(Cum(1)) Start:LastValue(Ref(Mov(P, Periods, S),Periods-Size)) Cum(LinRegSlope(P, Periods))Start Periods:Input(quotPeriodsquot,1,63,5) a:Input(quotHotquot,0,2,.7) e1:Mov(P, Periods, E) e2:Mov(e1,Periods, E) e3:Mov(e2,Periods, E) e4:Mov(e3,Periods, E) e5:Mov(e4,Periods, E) e6:Mov(e5,Periods, E) c1:-aaa c2:3aa3aaa c3:-6aa-3a-3aaa c4:13aaaa3aa c1e6c2e5c3e4c4e3 MetaStock Formula - Anchored Momentum The four indicators in Rudy Stefenels article quotAnchored Momentumquot can be easily created in MetaStock. First, choose Indicator Builder from the Tools menu. If you have MetaStock 6.5 enter the following formulas: General Anchored Momentum w/ Exponential Smoothing MomPer : Input(quotMomentum Periodsquot,1,1000,10) SmaPer : Input(quotSimple Moving Average Periodsquot,1,1000,7) EmaPer : Input(quotExponential Moving Average Periodsquot,1,1000,7) 100 ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) MetaStock Formula - Double Tops and Double Bottoms In the February 1998 issue of Technical Analysis of Stocks amp Commodities magazine, Thomas Bulkowski discusses the use of Double Bottoms as a means of finding profitable trades. In MetaStock for Windows, you can find both Double Tops and Double Bottoms with these formulas. There is a caveat however. In the article, Mr. Bulkowski utilizes the High-Low range in finding Double Bottoms. These formulas use only the close value, so a few of the lower priced issues will not produce signals in MetaStock. Overall, however, these formulas produce most of the major signals he discusses. PK:Zig(C,10,)ltRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)gtRef(Zig(C,10,),-2) TR:Zig(C,10,)gtRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)ltRef(Zig(C,10,),-2) (ValueWhen(1,PK, Ref(C,-1))/ValueWhen(2,PK, Ref(C,-1))gt.96 AND ValueWhen(1,PK, Ref(C,-1)) / ValueWhen(2,PK, Ref(C,-1))lt1.04) AND PK2-PK1gt10 AND Cross(ValueWhen(1,TR, Ref(C,-1)),C) PK:Zig(C,10,)ltRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)gtRef(Zig(C,10,),-2) TR:Zig(C,10,)gtRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)ltRef(Zig(C,10,),-2) (ValueWhen(1,TR, Ref(C,-1))/ValueWhen(2,TR, Ref(C,-1))gt.96 AND ValueWhen(1,TR, Ref(C,-1)) / ValueWhen(2,TR, Ref(C,-1))lt1.04) AND TR2-TR1gt10 AND Cross(C, ValueWhen(1,PK, Ref(C,-1))) MetaStock Formula - Adaptive Moving Average In MetaStock 6.5 you can easily create the Perry Kaufman Adaptive Moving Average system. With MetaStock 6.5 running, choose Indicator Builder from the Tools menu and then click on the New button. Enter the following formulas. Adaptive Moving Average Binary Wave Periods : Input(quotTime Periodsquot,1,1000, 10) Direction : CLOSE - Ref(Close,-periods) SSC : ER (FastSC - SlowSC) SlowSC AMA : If(Cum(1) periods 1, ref(Close,-1) constant (CLOSE - ref(Close,-1)),Prev constant (CLOSE - PREV)) FilterPercent : Input(quotFilter Percentagequot, 0,100,15)/100 Filter : FilterPercent Std(AMA - Ref(AMA,-1),Periods) AMALow : If(AMA lt Ref(AMA,-1),AMA, PREV) AMAHigh : If(AMA gt Ref(AMA,-1),AMA, PREV) If(AMA - AMALow gt Filter, 1 , If(AMAHigh - AMA gt Filter, -1 , 0 )) AMA : If(Cum(1) periods 1, ref(Close,-1) constant (CLOSE - ref(Close,-1)),Prev constant (CLOSE - PREV)) If you want to see the Adaptive Moving Average, just plot it on any chart. If you want to see the buy and sell signals of the Adaptive Moving Average system plot the Adaptive Moving Average Binary wave. This binary wave plots a 1 when there is a buy signal, a 1 when there is a sell signal and a zero when there is no signal. MetaStock Formula - Automatic Support and Resistance Copied from Technical Analysis of Stocks and Commodities Magazine. This is in regards to an article on page 51 of the May 1998 issue. In my article quotAutomatic support and resistancequot in this issue, I present a computerized approach to finding support and resistance levels on a chart. To recreate the indicators and system described in my article using MetaStock for Windows, enter the following formulas: S1: IF(Ref(LOW,-4)LLV(LOW,9),Ref(LOW,-4),PREVIOUS) S2: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS1quot),-1)) S3: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS2quot),-1)) S4: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS3quot),-1)) S5: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS4quot),-1)) S6: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS5quot),-1)) WSO: 100(1(Int(Fml(quotS1quot)/CLOSE)Int(Fml(quotS2quot)/CLOSE)Int(Fml(quotS3quot)/CLOSE)Int(Fml(quotS4quot)/CLOSE) Int(Fml(quotS5quot)/CLOSE)Int(Fml(quotS6quot)/CLOSE))/6) R1: IF(Ref(HIGH,-4)HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS) R2: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR1quot),-1)) R3: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR2quot),-1)) R4: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR3quot),-1)) R5: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR4quot),-1)) R6: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR5quot),-1)) WRO: 100(1(Int(Fml(quotR1quot)/CLOSE)Int(Fml(quotR2quot)/CLOSE) Int(Fml(quotR3quot)/CLOSE)Int(Fml(quotR4quot)/CLOSE) Int(Fml(quotR5quot)/CLOSE)Int(Fml(quotR6quot)/CLOSE))/6) The indicators S1 through S6 and R1 through R6 should be plotted as points and not as a continuous line. Trading System Formulas and Parameters: Enter long positions on either building support or sustained uptrend and exit position using stops. No short positions. Enter Long: Fml(quotWSOquot) gt Mov( Fml(quotWSOquot). 4. S ) OR Mov( Fml(quotWROquot). 30. S ) gt 95 Breakeven stop: Floor level at 2 Trailing stop: Profit risk of 10 Percent, ignoring 10 periods Maximum loss stop: Maximum loss of 7 Initial equity 1000, Long positions only, Trade price close, Trade delay 0, Entry commission 0, Exit commission 0. Interest rate 5, Margin req. 100 MetaStock Formula - Muted Variables, Volatility, and a New Market Paradigm Mutated Variables, Volatility and a New Market Paradigm by Walter T. Downs, Ph. D. In MetaStock for Windows 6.0 or higher, use the Expert Advisor to create highlights, which will show when contraction and expansion phases are present. First, choose Expert Advisor from the tools menu in MetaStock. Create a new Expert with the following highlights: Expert name: New Market Paradigm Highlights Name: Contraction Condition: BBandTop(CLOSE,28,SIMPLE,2)lt Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND BBandBot(CLOSE,28,SIMPLE,2)gtRef(BBandBot(CLOSE,28,SIMPLE,2),-1) Color: Blue Name: Expansion Condition: BBandTop(CLOSE,28,SIMPLE,2)gt Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND BBandBot(CLOSE,28,SIMPLE,2)ltRef(BBandBot(CLOSE,28,SIMPLE,2),-1) Color: Red Click OK to save the changes to the Expert. Open a chart and then click your right-mouse button while pointing at the chart heading. Choose Expert Advisor and then choose Attach from the chart shortcut menu. Choose the New Market Paradigm Expert and then click the OK button. The price bars in the chart will be highlighted blue during a contraction phase and red in an expansion phase. MetaStock Formula - Channel Analysis Channel Analysis, beginning on page 18 of the July 1998 Technical Analysis of Stocks amp Commodities Magazine Its quite easy to create the Trend Channels discussed in Thom Hartles Channel Analysis article in MetaStock for Windows. After opening a chart, you may want to zoom in a little to make it easier to draw the Trend Channels more precisely. You can do this by clicking on the quotquot button located on the Chart Toolbar at the bottom of the chart. Next you may want to identify the bars for the support or resistant points by drawing circles on the bars as Mr. Hartle did in the article, or you can use symbols from the symbol palette. Both can be chosen from the Drawing Toolbar which is on left side of the chart. After identifying the points to draw the trendline, click on the Trendline button, also located on the Drawing Toolbar, and draw the trendline between the closing prices of the two bars. If you are using MetaStock 6.5, you may want to right-click on the trendline, choose properties, and then check the Snap to Price checkbox. This will make the trendline line up exactly with the closing prices. To create the second trendline of the Trend Channel, right-click on the first trendline and choose Create Parallel Line. Drag this parallel line so it aligns with the highest high between the two support points or the lowest low between two resistance points. If desired, you can go to the properties of each of these trendlines and choose to extend the lines to the right. MetaStock Formula - A Volatility Trade in Gold quotA Volatility Trade In Goldquot by David S. Landry, CTA, Technical Analysis of Stocks amp Commodities, page 87. In this article the author gives formulas for three indicators MetaStock. The formulas as given will work in all versions of MetaStock. However, there is an error in the formula the author names Volatility 12 EMA. The formula should be: Mov((Fml(quotCONHV4quot) Fml(quotCONHV6quot) Fml(quotCONHV10quot))/3,12,e) Here are formulas for version 6.5 of MetaStock for Windows. These formulas use Inputs which allow you to select the time periods when you plot the formulas. David Landry Historical Volatility Num:Input(quotNumber Of Periods For Numeratorquot,1,100,4) Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) (Log(C/Ref(C,-1)),Num)/Std(Log(C/Ref(C,-1)),Den) David Landry Average Historical Volatility Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) ((Std(Log(C/Ref(C,-1)),4)/Std(Log(C/Ref(C,-1)),Den))(Std(Log(C/Ref(C,-1)),6)/Std(Log(C/Ref(C,-1)),Den))(Std(Log(C/Ref(C,-1)),10)/Std(Log(C/Ref(C,-1)),Den)))/3 David Landry EMA of Historical Volatility Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) EMA:Input(quotNumber Of Periods For EMAquot,2,100,12) Mov(((Std(Log(C/Ref(C,-1)),4)/Std(Log(C/Ref(C,-1)),Den))(Std(Log(C/Ref(C,-1)),6)/Std(Log(C/Ref(C,-1)),Den))(Std(Log(C/Ref(C,-1)),10)/Std(Log(C/Ref(C,-1)),Den)))/3,LastValue(EMA),E) Note: Standard deviation information was not included here because the way these formulas are being used, any standard deviation being used would return an identical value as 1 standard deviation. MetaStock Formula - From Terms to Technical Tools In Walter Downs article quotFrom Terms To Technical Toolsquot he introduces the Point of Balance Oscillator, two conditions to color bars and two system tests. All of these can be created quite easily in MetaStock 6.5. To create the Point of Balance Oscillator, choose Indicator Builder from the Tools menu, click on the New button, and enter the following formula: Point of Balance Oscillator n : Input(quotTime Periodsquot,1,100,12)/2 POBC1 : (HHV(CLOSE, n) LLV(CLOSE, n))/2 POBC2 : (HHV(POBC1, n) LLV(POBC1,n))/2 POBC3 : (HHV(POBC2, n) LLV(POBC2,n))/2 POBC4 : (HHV(POBC3, n) LLV(POBC3,n))/2 POBC5 : (HHV(POBC4, n) LLV(POBC4,n))/2 POBC6 : (HHV(POBC5, n) LLV(POBC5,n))/2 POBC7 : (HHV(POBC6, n) LLV(POBC6,n))/2 POBC8 : (HHV(POBC7, n) LLV(POBC7,n))/2 POBC9 : (HHV(POBC8, n) LLV(POBC8,n))/2 POBC10 : (HHV(POBC9, n) LLV(POBC9,n))/2 AV : (POBC1 POBC2 POBC3 POBC4 POBC5 POBC6 POBC7 POBC8 POBC9 POBC10) / 10 POBCOsc : 100 ((CLOSE - AV) / (HHV(CLOSE, 10)-LLV(CLOSE, 10))) To highlight bars based on the Bull Fear and Bear Fear conditions discussed in the article, choose Expert Advisor from the Tools menu, click on the New button and enter the following expert: Bull Fear and Bear Fear Expert HIGHLIGHTS Name: Bull Fear Condition: n : 12 BullFear : (HHV(HIGH, n) - LLV(HIGH, n))/2 LLV(HIGH, n) CLOSE gt BullFear Color: Blue Name: Bear Fear Condition: n : 12 BearFear : (HHV(LOW, n) - LLV(LOW, n))/2 LLV(LOW, n) CLOSE lt BearFear Color: Red To test the two systems discussed in the article, choose System Tester from the Tools menu and enter both of the following systems: Bull and Bear Fear System Test MetaStock Formula - Simple Moving Average with Resistance and Support In this issue, Dennis L. Tilley uses support and resistance to confirm price and SMA crossover signals in his article quotSimple Moving Average with Resistance and Supportquot. In MetaStock for Windows, you can easily recreate the SMARS Indicators discussed in Tilleys article. First, choose Indicator Builder from the Tools menu in MetaStock 6.5. Next, choose New and enter the following formulas: Resistance and Support LookBack : Input(quotLook Back Periodsquot,1,1000,10) Resistance :ValueWhen(1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack)) Support :ValueWhen(1,Cross(C, Mov(C, LookBack, S)),LLV(L, LookBack)) Resistance and Support F LookBack: Input(quotLook Back Periodsquot,1,1000,10) Note It is much easier to see the difference between the actual quotResistance and Supportquot lines and the quot Resistance and Support F quot lines if you change the color and/or style of one of them. To Display the Indicators in MetaStock 6.5 Drag the quotMoving Averagequot indicator from the Indicator QuickList into the price window. Choose Simple as the method, enter the time periods and then click OK. Now, drag the quotResistance and Supportquot indicator from the QuickList into the price window. You will be prompted to enter the quotLook Backquot periods. You should select the same time periods you used with the quotMoving Averagequot. Finally, drag the quotResistance and Support Fquot indicator into the price window. You will be prompted to enter the quotPercentagequot and the quotLook Backquot periods. If you would like the indicator to be a 10 difference from the quotResistance and Supportquot line, you would enter 10. You should select the same time periods you used with the quotMoving Averagequot. Allan McNichol Equis International MetaStock Formulas - Combining Statistical and Pattern Analysis Shark 32 In MetaStock for Windows you can use the Expert Advisor to recreate the quotShark 32quot signals on your charts as discussed in Walter T. Downs article quotCombining Statistical and Pattern Analysisquot. First, choose Expert Advisor from the Tools menu in MetaStock 6.5. Next, choose New and enter the following formulas: Click the Name tab and enter quotShark 32quot in the Name field. Click the Trends tab and enter the following formulas in the Bullish and Bearish fields. Click the Highlights tab, choose New, and enter quot3 rd Barquot in the Name field. Now change the color in the Color field to Blue. Finally, enter the following formula in the Condition field, and then choose OK. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Using the same method as above, enter the following 2 highlight formulas. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Click the Symbols tab, choose New and enter quotShark Buyquot in the Name field. Now enter the following formula in the Condition field. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Buy: Buyok1 AND Ref(Chk,-1)0 AND ValidChk1 Click the Graphic tab. Change the symbol in the Graphic field to Buy Arrow. Now change the color in the Color field to Green. Finally, type quotBuyquot in the Label field, and then choose OK. Using the Same method as above, enter the following Symbol formula. Name: Shark Sell Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Note The above ValidChk variable makes the Shark signal valid for 25 periods. If the price does not cross below the Low value of the base within 25 periods, you will not receive a signal. You can change the number of periods by changing 25 to the number of periods you desire. Sell: Sellok1 AND Ref(Chk,-1)0 AND ValidChk1 Symbol: Sell Arrow After you have finished creating the Symbol formulas, you can attach the Expert to your chart by choosing Expert Advisor from the Tools Menu. Select the Expert called quotShark 32quot from your list of Experts, choose Attach, and then Close. MetaStock Formula - Better Bollinger Bands In an article in Futures Magazine, October 1998, Dennis McNicholl describes the use of Bollinger Bands and provides a means of making them tighter when markets are trending. He calls them Better Bollinger Bands. Here is the formula for MetaStock 6.5 or higher. pds:Input(quotPeriodsquot,2,200,20) sd:Input(quotStandard Deviationsquot,.01,10,2) alpha:2/(pds1) mt:alphaC(1-alpha)(If(Cum(1)ltpds, C,PREV)) ut:alphamt(1-alpha)(If(Cum(1)ltpds, C,PREV)) dt:((2-alpha)mt-ut)/(1-alpha) mt2:alphaAbs(C-dt)(1-alpha)PREV ut2:alphamt2(1-alpha)PREV dt2:((2-alpha)mt2-ut2)/(1-alpha) but:dtsddt2 blt:dt-sddt2 dt but blt MetaStock Formula - Dynamic Multiple Time Frames Here are the formulas described in the 1999 bonus issue of quotTechnical Analysis of Stocks amp Commoditiesquot magazine in the article quotDynamic Multiple Time Framesquot, p 45. All formulas are written to use daily data. The lines are plotted as described in the article, with the fixed lines only changing their values on the first day of each week. A sixth formula, Tendency, was added to indicate which way the price will tend to move, based on the relationship between the Friday close and the fixed balance point. This formula plots a value on Thursday and on Friday just in case Friday is a market holiday. On every trading week which includes Friday data, ignore the Thursday value. A value of 1 means prices will tend up first and a value of -1 means they will tend down Variables were used in places to simplify the formulas and to allow the referencing of certain values in formulas that plot multiple lines. Dynamic Balance Point Ref( HHV(H,5)LLV(L,5)C, -1)/3 MetaStock Formula - quotHow Smooth is Your Data Smootherquot (Sine-Wave Weighted Moving Average) The article quotHow Smooth is Your Data Smootherquot, by Patrick E. Lafferty, reviews different types of moving averages, including a Sine-Weighted Moving Average. The Sine-Weighted Moving Average can easily be created in MetaStock 6.5 or higher. In MetaStock select the quotIndicator Builderquot from the quotToolsquot menu. In the Indicator Builder click quotNewquot and enter the name (shown below in Bold font) in the Name field. Then place the formula (all the text after quotFORMULA:quot and before quotEND OF FORMULAquot) in the Formula field in the Indicator Builder: NAME: Sine-Weighted Moving Average PI:3.1415926 SD:180/6 S1:Sin(1180/6)C S2:Sin(2180/6)Ref(C,-1) S3:Sin(3180/6)Ref(C,-2) S4:Sin(4180/6)Ref(C,-3) S5:Sin(5180/6)Ref(C,-4) Num:S1S2S3S4S5 Den:Sin(SD)Sin(2SD)Sin(3SD)Sin(4SD)Sin(5SD) Next, click OK and Close out of the Indicator Builder. Open a chart and plot the new formula by dragging it from the Indicator QuickList or by using quotIndicatorsquot from the quotInsertquot menu. Formula by Cheryl Elton, Equis International Many securities, particularly futures, show a tendency to move in cyclical patterns. Price changes can often be anticipated at key cyclical intervals. Cycles allow us to accurately predict events in nature: bird migrations, the tides, planetary movements, etc. You can also use cycle analysis to predict changes in financial markets, although not always with the accuracy found in nature. We know that prices are a consensus of human expectations. These expectations are always changing, and causing prices to oscillate between overbought and oversold levels. Fluctuations in prices are a natural process of changing expectations and lead to cyclical patterns. An obvious example of a cyclical pattern is shown in a chart of a sine wave. Although security prices rarely move with this degree of predictability, even a quick glance at many security charts is enough to see evidence of some type of cyclical pattern. Cycle Line tools allow you to place equally spaced vertical lines on a chart. Since you can control the spacing between the cycle lines, you may be able to visually extrapolate the cycles evident in a plot. If you extend the right margin of a chart, the cycle lines will extend into the future. This can help you anticipate when the next peak or trough of a cycle may occur. Detrended Price Oscillator The Detrended Price Oscillator (DPO) is an indicator that attempts to eliminate the trend in prices. Detrended prices allow you to more easily identify cycles and overbought/oversold levels. The calculation is quite simple you simply center an x-period moving average by shifting it back x/2 1 periods. This centered moving average is then subtracted from the close. The result is an oscillator that crosses above and below zero. Since the DPO is shifted back quotx/2 1quot periods, the last quotx/2 1quot periods will have no values. MetaStock Pro prompts you to enter the number of periods. The value entered should be the approximate length of the cycle you wish to identify. Cycles longer than the number of periods you enter will not be shown. The default value is 20. Long-term cycles are made up of a series of short-term cycles. Analyzing these shorter term components of the long-term cycles can be helpful in identifying major turning points in the longer term cycle. The DPO is helpful in recognizing the underlying cyclical components of the price action. Leonardo Fibonacci was an important mathematician who was born in Italy around the year 1170. It is rumored that Fibonacci discovered the relationship of what are now referred to as Fibonacci numbers while studying the Great Pyramid of Giza in Egypt. Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, etc. These numbers possess an intriguing number of interrelationships, such as the fact that any given number is approximately 1.618 times the preceding number and any given number is approximately 0.618 times the following number. MetaStock Pro has four Fibonacci studies: arcs, fans, retracements, and time zones. The general interpretation of the Fibonacci studies involves the anticipation of a change in trend as prices near the lines created by the Fibonacci studies. Arcs The calculation and interpretation of Fibonacci Arcs is similar to that of Fibonacci Fan Lines. First, a trendline is drawn between two extreme points. MetaStock Pro then draws three arcs, centered on the second extreme point, that intersect the trendline drawn between the two extreme points at the Fibonacci levels of 38.2, 50.0, and 61.8. The interpretation of Fibonacci Arcs involves looking for, or anticipating, support and resistance as prices approach the arcs. A common technique is to display both Fibonacci Arcs and Fibonacci Fan Lines and to anticipate support/resistance at the points where the Fibonacci studies cross. The points where the Arcs cross the price data will vary depending on the scaling, because the Arcs are drawn so they always appear circular relative to the computer screen. Fans Fibonacci Fan Lines are displayed by first drawing a trendline between two extreme points. MetaStock Pro then draws an invisible vertical line through the second extreme point. This vertical line is then divided at the Fibonacci levels of 38.2, 50.0, and 61.8. Finally, three trendlines are drawn from the first extreme point so they pass through the invisible vertical line at the above three levels. (This technique is similar to the method used to calculate Speed Resistance Lines.) Retracements Fibonacci Retracements are displayed by first drawing a trendline between two extreme points (i. e. a significant trough and peak). After selecting Fibonacci Retracement from the Insert menu, a series of up to nine horizontal lines will be drawn at the Fibonacci levels of 0.0, 23.6, 38.2, 50.0, 61.8, 100, 161.8, 261.8, and 423.6. After a significant move (either up or down), prices will often rebound and retrace a significant portion (if not all) of the original move. As the price retraces, support and resistance levels will often occur at or near the Fibonacci Retracement levels. Time Zones The Fibonacci Time Zones command displays vertical lines at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. The interpretation of Fibonacci Time Zones involves looking for significant changes in price near the vertical lines. It is beyond the scope of this website to provide a full explanation of Fourier analysis. Further information can be found in Technical Analysis of Stocks amp Commodities magazine (TASC), Volume One issues 2, 4, and 7 Volume Two issue 4 Volume Three issues 2 and 7 (Understanding Cycles) Volume Four issue 6 Volume Five issues 3 (In Search of the Cause of Cycles) and 5 (Cycles and Chart Patterns) and Volume Six issue 11 (Cycles). Fourier Transforms were originally developed as an engineering tool to study repetitious (cyclical) phenomena such as the vibration of a stringed musical instrument or an airplane wing during flight. The complete analysis concept is called spectral analysis. Fast Fourier Transform (FFT) is an abbreviated calculation that computes in seconds rather than minutes. The FFT sacrifices phase relationships and concentrates only on cycle length and amplitude (strength). The benefit of FFT is its ability to extract the predominate cycle(s) from a series of data (e. g. an indicator or a securitys price). FFTs are based on the principal that any finite, time-ordered set of data can be approximated arbitrarily well by decomposing the data into a set of sine waves. Each sine wave has a specific cycle length, amplitude, and phase relationship to the other sine waves. Problems occur when applying FFT analysis to security price data because FFTs were designed to be applied to non-trending, periodic data (whereas security price data tends to be trending). This is overcome by quotdetrendingquot the data using either a linear regression trendline or a moving average. Security data is not truly periodic, since securities are not traded on weekends and some holidays. MetaStock Pro removes these discontinuities by passing the data through a smoothing function called a quothamming window. quot As stated at the beginning of this section, it is beyond the scope of this website to provide complete interpretation of FFT analysis. The remainder of this section explains the interpretation of MetaStock Pro s Interpreted FFT. The Interpreted FFT displays an indicator that shows the three predominate cycle lengths and the relative strength (i. e. the relative amplitudes) of the cycles. The Interpreted FFT indicator is always displayed from the most significant cycle to the least significant cycle. The longer the indicator remains at a specific cycle length, the more predominate it was in the data being analyzed. Once you know the predominate cycle length, you may want to use it as a parameter for other indicators. For moving averages, use 1/2 of the cycle length for the optimum number of periods. For example, if you know that a security has a 40-day cycle, you may want to plot a 20-day moving average. The MESA Sinewave indicator was developed by recognized cycle specialist John Ehlers. The MESA Sinewave indicator looks like a sinewave when the market is in a cycle mode and tends to wander when the market is in a trend mode. The MESA Sinewave indicator anticipates cycle mode turning points rather than waiting for confirmation as is done with most oscillators. The MESA Sinewave indicator has the additional advantage that trend mode whipsaw signals are minimized. The Sine Wave indicator was introduced in the November 1996 issue of Technical Analysis of Stocks amp Commodities magazine. The MESA Sinewave indicator consists of two plots - one displaying the Sine of the measured phase angle over the time period parameter and the other the Sine of the phase angle advanced by 45 degrees (called the Lead Sine). Together, the crossings of the Sine and Lead Sine plots give clear advanced indication of cycle mode turning points. When the MESA Sinewave indicator resembles an actual sine wave, this suggests the market is in a cycle mode. The indicator lines are not well structured when the market is in a trend mode. A buy signal is given when the Sine plot crosses above the Lead Sine plot. A sell signal is given when the Sine plot crosses below the Lead Sine plot. An obvious advantage that the MESA Sinewave indicator has over its overbought/oversold counterparts is that it enters and exits much more precisely without giving up a piece of the markets movement by waiting for confirmation. When the market is in a trend mode the MESA Sinewave indicator does not resemble a sine wave. In fact, the Sine and Lead Sine plots typically languish in a sideways pattern around zero, running somewhat parallel and distant from each other. The correct trading strategy in the trend mode is to trade the trend. Basic moving average crossovers are helpful for entering and exiting positions in this type of market. The MESA Sinewave indicator is sensitive to using the correct time period parameter. You can use the Cycle Lines line study to estimate the best time period to use.